Nissan, Carlos Ghosn fined by US authorities for hiding pay

According to the SEC, the troubles for Nissan began in 2004 when it granted Carlos Ghosn, its then-CEO, the authority to set executive compensation, including his own. The commission believes between 2009 and his arrest in 2018, Ghosn "with substantial assistance from [director Greg] Kelly and subordinates at Nissan" hid US$90 million ($133 million) in pay from official filings, and increase Ghosn's retirement bonus by US$50 million ($74 million).

Comments

Popular posts from this blog

2024 Toyota Yaris Cross updated in Europe with new tech, more hybrid power

2023 Porsche Taycan GTS review

Ineos Grenadier gets converted into a camper with Australian-made pop-top

Renault and Nissan production delays due to global cyber attack

2024 Toyota LandCruiser 70 Series facelift spy photo

2019 World Car Awards: Finalists announced

Cupra Terramar, Tavascan and UrbanRebel: Three new models revealed, set for Australia

New Hyundai Venue due in 2025 – report

Chevrolet Bolt: One of the cheapest electric cars in the US to return, a slim chance for Australia

New Alfa Romeo 33 Stradale supercar unveiled with petrol and electric power